Having been suggested to visit your organisation we were about to appoint conveyancing solicitor in Soham found on your site but stumbled across alternative estimates on the internet appear less expensive – why is this?
There are numerous conveyancing companies offering what appear to be cut price. We would encourage you to think twice about how important this transaction is to you that you are willing to take 'cheap' risks in relation to the quality of the legal work. Some hide extras well inside the terms and conditions. The conveyancers that we list for conveyancing in Soham neverbehave this way.
We are purchasing a apartment in Soham. I might seem paranoid but how we can trust a lawyer? At some point we have to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Soham?
Two types of professional can execute conveyancing in Soham namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that required to complete the disposal or purchase of property. They are both obliged to conduct Soham conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that all necessary steps will be accurately attended to.
It is not clear whether my lender requires a lease extension. I have telephoned my Soham bank branch on various occasions and was informed it wasn't a problem and they will lend. My Soham conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
Provided that the conveyancer is on the lender approved list, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have todaydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Soham for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Soham conveyancing specialists.
I'm buying a new build house in Soham benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of additionals instead. The sale representative told me not reveal to my conveyancer about this deal as it will adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Soham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Soham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Soham you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Soham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.